Monthly Economic Indicators

The unemployment rate throughout the Metro Denver area recorded the lowest level since November of 2007. In September, the Metro Denver unemployment rate fell to 3.9 percent, a 0.8 percentage point decline from the August level and a 2.2 percentage point decline from September 2013.

Existing home sales in Metro Denver declined between August and September, falling 8.9 percent to 4,737 total homes sold during the month of September. The September home sales were 4.2 percent higher in 2014 compared with the previous year.

The Denver Metro Apartment Vacancy and Rent Survey for the third quarter of 2014 reported the third consecutive quarter of decreasing vacancy rates. The Metro Denver apartment vacancy rate fell 0.8 percentage points to 3.9 percent from the second quarter level, the lowest vacancy rate since the third quarter of 2000. Declines in five of the six submarkets contributed to the over-the-quarter decline.

Economic Indicators

November 2014

2014 YTD

Nonfarm Employment Growth

+8,800 Increase

Employment was up 0.1% from July to Aug.Employment up 0.6% from Aug. to Sep.

+41,000 Increase

YTD employment up 2.8% through Aug.YTD employment up 2.8% through Sep.